US Aiding India in Securing Lower Prices for Russian Oil

15 Mar 2024 CW Team

A Biden administration envoy has disclosed that the United States is actively supporting India's endeavors to negotiate lower prices for Russian oil. This revelation underscores the diplomatic efforts aimed at mitigating the economic impact of rising energy prices on India, amidst global concerns over energy security and supply disruptions.

The collaboration between the US and India reflects strategic cooperation between the two nations in addressing energy-related challenges and fostering economic resilience. By assisting India in securing favourable terms for Russian oil imports, the US aims to bolster India's energy security and mitigate the adverse effects of escalating oil prices on its economy.

The revelation comes at a time when global oil prices have surged, driven by various factors including geopolitical tensions, supply disruptions, and growing demand. India, as one of the world's largest oil importers, is particularly vulnerable to fluctuations in oil prices, making efforts to secure favourable terms for oil imports crucial for its economic stability.

Moreover, the US assistance underscores the importance of international cooperation in addressing shared energy challenges and promoting stability in global energy markets. By working together, the US and India can leverage their respective strengths and resources to navigate the complex dynamics of the global energy landscape more effectively.

Overall, the revelation of US support for India in securing lower prices for Russian oil underscores the importance of diplomatic collaboration in addressing energy security concerns and promoting economic stability in an increasingly interconnected world.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..